XML 40 R25.htm IDEA: XBRL DOCUMENT v3.25.3
SPECIAL CHARGES (CREDITS)
 9 Months Ended
Sep. 30, 2025
Restructuring and Related Activities [Abstract]  
SPECIAL CHARGES (CREDITS) SPECIAL CHARGES (CREDITS)
For the three and nine months ended September 30, operating and nonoperating special charges (credits) and unrealized losses on investments in the statements of consolidated operations consisted of the following (in millions):
Three Months Ended September 30,Nine Months Ended September 30,
2025202420252024
Labor contract ratification bonuses$— $— $561 $— 
(Gains) losses on sale of assets and other special charges(73)(5)(295)44 
Total operating special charges (credits)(73)(5)266 44 
Nonoperating unrealized losses on investments, net13 90 8 160 
Nonoperating debt extinguishment and modification fees20 75 20 110 
Total nonoperating special charges and unrealized losses on investments, net33 165 28 270 
Total operating and nonoperating special charges (credits) and unrealized losses on investments, net(40)160 295 314 
Income tax benefit, net of valuation allowance — (15)(127)(34)
Total operating and nonoperating special charges (credits) and unrealized losses on investments, net of income taxes$(40)$145 $168 $280 
Operating and nonoperating special charges (credits) and unrealized losses on investments included the following:
During the three and nine months ended September 30, 2025, the Company recorded $73 million and $295 million, respectively, of net gains on sale of assets and other special charges, which were primarily comprised of $75 million and $336 million, respectively, of gains on various aircraft sale-leaseback transactions.
During the nine months ended September 30, 2025, the Company also recorded a $561 million special charge in connection with a labor contract ratification bonus for the Company's employees represented by the AFA. See Note 9 for more information related to the negotiations.